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Strategies & Market Trends : General market lab and commentary

SPY 683.31

0.0%

Nov 12 4:00 PM EST

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From: Robohogs	5/2/2016 9:35:35 AM
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I am buying xbi May calls strike $52 here. First batch in. I am also buying SPY $211 calls for next week vs shorting this week $206 calls, buying 3 and selling 1 for a credit of $0.75. If SPY craters, I keep the credit. If it soars, the long calls dominate. If it flops around I lose 20-30 cents per 1x3 spread. Jon

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